Simulation in Operation Research
Simulation is a representation of real-life situations. It is a method in which a replica of a real-world process or system is developed over a period of time. The simulated…
Project Evaluation and Review Technique (PERT)
Introduction to Project Evaluation and Review Technique (PERT) The program Evaluation and Review Technique (PERT) model considers uncertainty in activity completion time. There are various project analysis methods available that…
Project Network Analysis Methods
We already know that network analysis helps the project manager in estimating the time of completion of the project and represents the logical interrelation among activities. Some of the network…
Project Network Analysis With Critical Path Method
For large businesses or manufacturing organisations, projects are divided into various stages or milestones. For example, a construction company is given a project of construction of a house. This project…
Transportation Problem: Finding an Optimal Solution
The transportation problem is an important Linear Programming Problem (LPP). This problem depicts the transportation of goods from a group of sources to a group of destinations. The whole process…
Duality in Linear Programming
Soon after Dantzig presented the linear programming problem, John von Neumann presented the duality theorem for linear optimisation. In mathematical optimisation theory, principle of duality depicts that every optimisation problem…
Linear Programming: Artificial Variable Technique
When George Dantzig originally put forward the simplex method, it was limited only to LP problems having a known feasible solution, commonly called the initial basic feasible solution. When the…
Linear Programming: Simplex Method
What is Simplex Method Linear Programming? The simplex method is an algorithm used to calculate the optimal solution to an LP problem. It is a systematically performed iterative procedure to…
Linear Programming: Graphic Solution
In the previous article, you studied that linear programming is a method of achieving the optimum outcome for a maximum or a mini- mum equation with linear constraints. Once the…
What is Linear Programming? Assumptions, Properties, Advantages, Disadvantages
What is Linear Programming? Linear programming is also a form of constrained optimisation, and quite possibly, the most commonly used. To understand the meaning of linear programming, we need to…